President of ExxonMobil Corporation, Stephen Greenlee says the company is pleased with its level of investment in Guyana and its working relationship with the South American country’s Government.
Greenlee met with Guyana’s President David Granger in New York on the sidelines of the 72nd Session of the United Nations General Assembly on Tuesday.
“Some of the discussions I have had with the President was on local content development and the work we are doing to try to give more contracts to Guyanese companies to bring folks to grow the businesses that are there,” Greenlee commented.
He said the oil company’s overarching objective is to ensure that it achieves over ninety-percent local capacity, when commercial oil production begins in 2020.
Greenlee said the US super-major is on target for oil production and is prepared to invest significant sums to ensure Guyana and its people benefit from the sector.
“Liza remains one of our top priorities…we are going out pretty soon to dig our development well and that is going as planned. They are not any outstanding issues. It is our first priority we are moving forward and we are very close to getting down to our objectives,” he stated.
The oil company will be investing 5 billion US dollars in preparation for oil production and this is in addition to the over 8 hundred million us dollars it has spent to date in exploration activities offshore Guyana.